Technical Analysis for Beginners: Candles and Patterns for Stock Market Investing
I am a long-term investor. With that said, I have always taught the importance of technical analysis for investors. Fundamental analysis is most important, but technical analysis can be leveraged for better entry and exit points. When using dollar-cost averaging, technical analysis can provide probabilities for levels of support and buying opportunities.
I have been investing and trading for over 20 years, and I have found that technicals help provide me an excellent cost basis for my long-term investments. Of course, improved entry points and cost basis will greatly improve long-term performance, and with compounding, it can make a significant impact on net worth. I believe technical analysis is a key to outperformance and financial freedom, and it's sadly overlooked by many long-term investors. With that said, this information will be helpful to both traders and investors alike, so please keep reading.
In the below video, I will teach you the basics of candlesticks, candlestick patterns, and chart patterns. Topics include:
Source Fool.com
